CIMA-ICCSL-Daily FT announce Sri Lanka’s Most Admired Companies 2020

ICCSL Chairman Dinesh Weerakkody

CIMA Country Manager for Sri Lanka Zahara Ansary

Panel of Judges Chairman Ravi Abeysuriya

For the third consecutive year, The Chartered Institute of Management Accountants (CIMA), The International Chamber of Commerce Sri Lanka (ICCSL) and the Daily FT have launched Sri Lanka’s Most Admired Companies Awards 2020. 

The awards are recognised as being the only one of its kind in Sri Lanka, and are for companies that are a cut above the rest in terms of not just their financial performance but also on the value they create in a sustainable and ethical way for their employees, customers, investors, and the community. 

A public survey is being circulated requesting participants to vote for companies that they admire on a few selected criteria. 

These awards are for those who have established themselves as being excellent in business performance and across a number of other discrete performance criteria. The companies bestowed with the Top 10 Rankings are those that enjoy the strongest reputations and inspire other organisations and entrepreneurs. They have proven their mettle with honesty, integrity, and character that are truly enduring elements of a successful business organisation. 

What sets these awards apart from the plethora of award competitions and schemes, is the stringent evaluation based on globally accepted criteria by a distinguished panel of judges. 

Companies that have been in business for over five years as at 30 June 2020 and are 30% or more of Sri Lankan ownership are eligible to enter this awards competition, which is open to both listed and unlisted companies in Sri Lanka. Those ranked Top 10 will, in addition to the title, be privy to publicity and recognition throughout the country and beyond, and use this as an opportunity to build further on their organisational image as well as brand. 

ICCSL Chairman Dinesh Weerakkody stated: “This is the third consecutive year that we are launching these awards to recognise top performing Sri Lankan companies that have excelled in their respected industries and contributed to the overall economic growth of Sri Lanka. We are proud to host these awards together with Daily FT, CIMA Sri Lanka and AIA Insurance. ICC, through a unique mix of advocacy, solutions and standard setting, promotes international trade and responsible business conduct which we advocate to recognise through these awards. ICC is the largest business organisation in the world with over 45 million members from many of the world’s leading companies, SMEs, business associations and local chambers of commerce.”

CIMA Country Manager for Sri Lanka Zahara Ansary ACMA, CGMA said: “We are delighted to organise the third in the series of the Most Admired Company Awards. As the past winners of these awards have shown, these awards are meant to recognise organisations that do not just deliver business success but do much more for the society. In today’s post pandemic world with unprecedented change and challenges, these companies go beyond operations to drive impact, beyond limits to deliver solutions and beyond expectations to create value. As the world’s leading and largest body of professional accountants, The Association of International Certified Professional Accountants, (the unified voice of CIMA and AICPA) we look forward to recognising these organisations. CIMA helps people and businesses succeed even in challenging times and thus, we are pleased to continue our partnership with ICC Sri Lanka and Daily FT, in bringing to the business world, initiatives of this nature.”

Daily FT Editor Nisthar Cassim stated: “Daily FT is pleased to join CIMA and ICCSL for the third year in recognising and lauding the Most Admired Companies of Sri Lanka. As we have seen, these awards are coveted by the business community in Sri Lanka and we look forward to this year’s edition.”

Panel of Judges Chairman Ravi Abeysuriya FCMA, MBA, CGMA, CFA said: “Being recognised as a most admired company is a definitive globally recognised, independently assessed report card of corporate standing in Sri Lanka. To select the most admired, companies are ranked against a unique set of quantitative and qualitative criteria. The quantitative criteria include financial soundness, long-term investment value creation, earnings growth and dividend payout as per the audited financial statements. To determine the best-regarded companies, Judges have an interactive discussion with the management team to assess the collective performance of qualitative attributes such as business strategy and sustainability, quality of management, excellence of products and services, competitiveness, ability to attract, develop, and keep talent, innovation, and environmental, social and corporate governance, including the track record of integrity and work against corruption in all its forms.”

The awards ceremony is slated to take place on 28 October.

Further details on the awards can be obtained by e-mailing [email protected]. 

For enquiries – contact the ICCSL Secretariat or the CIMA Sri Lanka office.